This is all from an article posted here
1. Kazaalite becomes a corporation with the intent of securing music/movies/multiple user apps for its shareholders
2. Kazaalite then goes forward and purchases (or accepts donations) of everything there is - all the CD'S/DVD's currently in (or out of print). Ownership of said lawfully owned "library" rest souly in Kazaalite - which is a PUBLIC corporation (meaning controlled by its shareholders, which own the corporation).
3. Kazaalite then sets up a network to allow persons, on a closed network, to download from this library, which they own, and therefore may copy, for themselves.
Now - the article suggest that there be a fee of .05 per song or .50 per CD charged in order to maintain the network, and compensate the corporation for services (ie - the tip jar everyone has now for kazaalite).
Stocks can be sold for as little as .01 - but you must own shares in the corporation that owns the material you are downloading.
It is also advisible to keep a large portion of revenues (40%) back for legal. This is currently legal. There is no limit to how many people can own one CD, or Movie - but you must own it. By owning stocks in a corporation that owns the CD - you in effect DO OWN IT and are entitled to copy it for your personal use (movies and multi user apps as well).
As for compensating artists, this is NOT REQUIRED by this strategy - however - a virtual tip jar can be established souly for the artists - that BYPASSES the RIAA and is sent directly to whomever you wish. Ergo - if all of Linkin Parks copyrights are owned by Sony - Fark Sony - send the money to Linkin Park directly - or award Linkin Park Shares in the "Music Fund" which they then can trade or hang onto as long as they like.
So what do you think?